SPH Dividend Type Payments

Suburban Propane Partners, L.P. dividend

Although SPH has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Suburban Propane Partners, L.P. to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Wed 1:20 PM ET):

Suburban Propane Partners, L.P. (SPH)
Bid Ask Last Change Volume P/E Market Cap
18.04 18.10 18.05 +0.06 73K 12 1.2B

SPH Dividend-Like Income Using Covered Calls

With SPH at 18.05, here's a table showing how big the annual "dividend" (i.e. total annual call premium received) would need to be to attain 3%, 5%, and 10% annual yields. Also shown is the equivalent number of cents/day necessary to achieve each yield:

Annual Yield Annual Premium Cents/Day
3% 0.54 0.1
5% 0.90 0.2
10% 1.81 0.5

So now we need to find out of the money covered calls that pay at least the prescribed cents/day amount of time premium. That will generate income and, because they are out of the money, leave room for some upside potential on the stock. Here are some examples:

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Top 10 Open Interest For Nov 21 Expiration     Top 5 High Yield
1.IBIT dividend 6.TLT dividend   1.TTD dividend
2.KVUE dividend 7.INTC dividend   2.ENVX dividend
3.NVDA dividend 8.ASST dividend   3.SOUN dividend
4.SLV dividend 9.HYG dividend   4.SG dividend
5.GLD dividend 10.SPY dividend   5.LCID dividend

Want more examples? SPGP Dividend | SPHB Dividend